Program Bank definition

Program Bank. Barclays Bank PLC, as Program Bank, under the Program Credit Agreement.
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Program Bank means any bank within the network of FDIC insured depository institutions that has agreed to accept deposits of Free Credit Balances from SoFi Securities as part of the Sofi Money Sweep Program and to pay interest on such deposits. SoFi Securities may in the future designate one of its affiliates as a Program Bank.
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Program Bank means Community Federal Savings Bank or such other financial institution as notified to the Client from time to time that partners with Nium to provide the Services to the Client;
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Examples of Program Bank in a sentence

  • Your cash balance awaiting reinvestment is only eligible for FDIC insurance once it becomes a Program Deposit held by a Program Bank.

  • Lower rates may be more financially beneficial to a Program Bank.

  • This includes amounts in the cash balances placed in your Brokerage Account that have not yet been received by the Program Bank or which have been swept from the Program Bank back to your Brokerage Account.

  • We and NFS do not have any duty to monitor the core account investment vehicle for your account or make recommendations about, or changes to, the Program that might be beneficial to you.Deposits at each Program Bank are eligible for FDIC insurance coverage, except for amounts deposited in your Excess Deposit Bank in excess of the Maximum Applicable FDIC Deposit Insurance Amount, which will not be insured by the FDIC.

  • Deposits at Program Banks are not eligible for SIPC coverage.Although your funds generally will be deposited in Deposit Accounts at the Banks in the order in which the Banks appear on the Program Bank List, in rare circumstances, a Bank on the Program Bank List may be unable to accept your funds on a particular day or a Bank may be removed from the Program Bank List and not replaced.

  • As noted above, the Program Banks may pay rates of interest on Program Deposits that are lower than prevailing market interest rates that may have been paid on accounts otherwise opened directly with such Program Bank.

  • In the event of a failure of a Program Bank, there may be a time period during which you may not be able to access your money.

  • You will not be issued any evidence of ownership of a Program Bank account, such as a passbook or certificate.

  • Interest on your Program Deposit begins to accrue on the business day those funds are received by the Program Bank, which will typically be the business day following the day your Brokerage Account reflects a cash balance.

  • The Program Bank List specifies the Program Banks into which your funds will be deposited and the order of the Program Banks which will receive your funds.


More Definitions of Program Bank

Program Bank means with respect to any SPCPC each liquidity provider and credit support provider for such SPCPC.
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Program Bank means the FDIC-insured bank selected by MetaBank, as custodian, to hold the funds in your Spruce Spending Account.
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Related to Program Bank

  • INTERCAM BANCO undertakes to provide the "CUSTOMER" the Host to Host Banking service, through which it will allow the "CUSTOMER" to send or receive files in ".txt" format, for payments in SPEI, SPID, international transfers, credit card payments, as well as for balance inquiries and electronic account statements through SWIFT MT940 and SWIFT MT942. Likewise, the "CUSTOMER" must designate and register the beneficiaries in the terms set forth in the common legislation. Notwithstanding the foregoing, "INTERCAM BANCO" may make available to the "CUSTOMER" other formats that expand the range of operations and services provided through Host to Host Banking that "INTERCAM BANCO" will make known to the "CUSTOMER". "INTERCAM BANCO" will provide the connection to the Host to Host Banking service through a Secure File Transfer Protocol, "SFTP" (for its acronym in English), or through an Application Programming Interface, "API" (for its acronym in English). For purposes of the foregoing, in order to request the activation of the Host to Host Banking service, the "CUSTOMER" must have previously contracted an "Account" with "INTERCAM BANCO" in terms of Chapter I of this "Agreement". The "CUSTOMER" shall indicate to "INTERCAM BANCO" through the Host to Host Banking service the personnel authorized to register and carry out operations in the "Account(s)", who shall be solely responsible for the use of the system used by the "CUSTOMER" for its connection to the Host to Host Banking service. THIRTEENTH ONE. "INTERCAM BANCO" will provide the Host to Host Banking service from 9:00 a.m. to 4:00 p.m. every "BUSINESS DAY". Likewise, "INTERCAM BANCO" may extend or restrict the hours in accordance with its operational needs, having to previously inform the "CUSTOMER" by the means agreed by both for such purpose under this service and/or "Contract".

  • AML Program has the meaning ascribed thereto in Schedule 2.1(F)(8) hereof.

  • Program means the statutorily authorized activities of the System Agency under which this Contract has been awarded.

  • Alternative education program means a school or separate class group designed to best serve students’ educational needs and interests and assist students in achieving the academic standards of the district and the state.

  • Cedel means Centrale de Livraison de Valeurs Mobilieres, S.A., or its successor.

  • CRAF Program means the Civil Reserve Air Fleet Program authorized under 10 U.S.C. Section 9511 et seq. or any similar or substitute program under the laws of the United States.

  • Collaborative pharmacy practice means a practice of pharmacy whereby one or

  • Collaborative pharmacy practice agreement means a written and signed

  • Cooperative education program means a written voluntary agreement between and among districts to provide certain educational programs for pupils in certain groups of districts. The written agreement shall be approved by all affected districts at least annually and shall specify the educational programs to be provided and the estimated number of pupils from each district who will participate in the educational programs.

  • Online Banking is the internet-based service providing access to your Bank account(s);

  • Over-the-counter drug means a drug that contains a label

  • Managed Care Program means the process that determines Medical Necessity and directs care to the most appropriate setting to provide quality care in a cost-effective manner, including Prior Authorization of certain services.

  • Service and support administrator means a person, regardless of title, employed by or under contract with a county board to perform the functions of service and support administration and who holds the appropriate certification in accordance with rule 5123:2-5-02 of the Administrative Code.

  • Over-the-Counter Medication means medication that can be purchased without a written prescription including herbal remedies, vitamins, and mineral supplements.

  • Portfolio Supervisor means First Trust Advisors L.P. and its successors in interest, or any successor portfolio supervisor appointed as hereinafter provided." Section 1.01 (26) shall be added to read as follows:

  • Education program means any program that is principally engaged in the provision of education, including, but not limited to, early childhood education, elementary and secondary education, postsecondary education, special education, job training, career and technical education, and adult education, and any program that is administered by an educational agency or institution.

  • Handbook means the Handbook of the Canadian Institute of Chartered Accountants, as amended from time to time;

  • Virginia Stormwater Management Program authority or "VSMP authority" means an authority approved by the State Board after September 13, 2011, to operate a Virginia Stormwater Management Program.

  • Program Details means the specific details provided to Influencer by Brand, including, but not limited to, compensation, program dates, branding guidelines, general and specific responsibilities of Influencer and Brand. Influencer may engage in multiple Program Details, each governed by this Agreement. This Program Details are hereby incorporated by reference into this Agreement. If any provisions of the Program Details conflict with this Agreement, then the Program Details will control.

  • Mobile Banking means the banking services accessible from the Device you have registered with us for Mobile Banking.

  • FCA Handbook means the FCA Handbook of Rules and Guidance as amended from time to time.

  • Alternative program means a non-disciplinary monitoring or practice remediation process approved by a physical therapy licensing board. This includes, but is not limited to, substance abuse issues.

  • Child support agency means the public agency responsible for child support

  • Underlier Sponsor means S&P Dow Jones Indices LLC.

  • Data Supplier means a third party supplier of Market Data.

  • E-Verify Program above means the employment verification program administered by the United States Department of Homeland Security, the Social Security Administration, or any successor program.